KUALA LUMPUR (April 13): theedgemarkets.com has highlighted nine stocks with momentum at afternoon market close today. Four stock shows positive momentum, while five stocks show negative momentum
Stocks with positive momentum are:
Ann Joo Resources Bhd up 7 sen or 6.03% at RM1.23.
Plastrade Technology Bhd, up 1 sen or 6.45% at 16.5sen.
Lion Industries Corp Bhd, up 2 sen or 5.48% at 38.5 sen.
BIMB Holdings Bhd, up 14 sen or 3.65% at RM3.98.
Stocks with negative momentum are:
Hiap Teck Venture Bhd, up 1 sen or 2.90% at 35.5 sen.
A&M Realty Bhd, up 2 sen or 2.41% at 85 sen.
Malaysian Bulk Carriers Bhd, up 3 sen or 3.23% at 96 sen.
PDZ Holdings Bhd, up 1 sen or 15.38% at 0.75 sen.
Pan Malaysia Corp Bhd, up 1 sen or 3.57% at 29 sen.
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
Stocks With Momentum - Ann Joo, Plastrade, Lion Industries, BIMB, Hiap Teck, A&M Realty, Maybulk, PDZ, Pan Malaysian Corp